How Two Companies are Helping Fill India's Skills Gap
Nov 22, 2024
auto_awesome
Raghav Gupta, Managing Director at Coursera, and Rajat Puri, President of Carelon Global Solutions, dive into India's urgent need for reskilling amidst automation. They discuss how generative AI is transforming job roles and creating skill gaps, particularly in the vital healthcare sector. Gupta shares insights on the collaboration between public and private sectors to foster skills-first hiring, while Puri highlights Carelon's initiatives for digital upskilling and mentorship programs aimed at enhancing employability and innovation.
The urgency for reskilling in India is highlighted by the fact that 50% of workers may need retraining by 2025 due to automation and AI.
The healthcare sector is facing a digital skills gap, particularly in telemedicine and health informatics, necessitating targeted training initiatives.
Deep dives
Transforming the Skills Landscape in India
The evolving skills landscape in India reflects a significant shift driven by automation and generative AI. A rapid increase in reskilling is essential, with projections indicating that 50% of all workers will need retraining by 2025. Companies are now focusing on skill-based talent strategies, emphasizing that skills, particularly in data, technology, and AI, are becoming more crucial than traditional degrees. As organizations adapt, significant partnerships between public and private sectors, such as initiatives in Odessa, are aiming to mitigate the human costs of AI disruptions by enhancing the employability of students.
Demand for Generative AI Skills
The demand for generative AI skills in India has surged, with reports showing that enrollments in related courses happen every minute. This growth is primarily driven by millennials and Gen Z, who seek to understand how generative AI can impact their careers and industries. Executives in various sectors are also keen to learn about the ethical, legal, and practical implications of generative AI in their businesses. As generative AI emerges as a general-purpose technology, its influence spans critical roles such as customer service, software engineering, and data analysis.
Healthcare's Digital Skills Gap
The healthcare sector in India is witnessing a significant digital skills gap, particularly in areas such as telemedicine and health informatics. As the industry evolves due to digital transformation, skills like automation and data science are becoming increasingly important. Organizations like Keralon Global Solutions are addressing this gap through comprehensive training initiatives, offering a vast number of courses and promoting internship opportunities for diverse communities. Programs that focus on mentorship and developing soft skills among managers also play a critical role in preparing a future-ready workforce.
With automation and generative AI reshaping industries faster than ever, half of the global workforce may need reskilling by 2025. In this episode, we delve into the urgent need for learning and development (L&D) programs to help Indian professionals stay ahead in a rapidly changing world. Drawing from eye-opening reports by the World Economic Forum, LinkedIn, and McKinsey, we explore how AI is transforming roles across sectors—while also creating significant skill gaps. Why is healthcare, one of the world’s largest workforce sectors, struggling with digital upskilling? How are organizations rethinking their strategies to embrace AI while bridging critical gaps? And what does India’s role look like in this global race for a future-ready workforce?
Join host Anirban Chowdhury as he unpacks the challenges and opportunities shaping the skilling revolution and uncovers how industries are gearing up to meet the demands of a tech-driven tomorrow with Coursera’s India and APAC MD Raghav Gupta & Carelon Global Solutions’ President Rajat Puri.
ET Podcasts now has a new show. 7@7 is your quick, sharp sub 5 minute daily roundup of financial news from India and the world. Tune in to Apple Podcasts, Spotify, Amazon Prime Music, Jio Saavn, Youtube or wherever you get your podcasts from!